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Homes owned by black people valued less in Raleigh

Posted on AllSides February 16th, 2024
From The Left

The typical home value of Raleigh-area homes with Black owners is 15.5% less than homes with white owners. The big picture: Nationally, the typical value of U.S. homes with Black owners ($291,000) is 18% less than the typical value of homes with white owners ($354,000), per Zillow data exclusively shared with Axios. Why it matters: Homeownership remains the biggest driver of the wealth gap, per the U.S. Department of Housing and Urban Development. What they're saying: Black owners seeing their homes appraising for less than those of their white counterparts...

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